The European arm of agency broker Instinet has announced the results of a second independent evaluation of its smart order router's performance for UK stocks, which show an average of 0.68 basis points in price improvement in Q2 2011.
CME Group, the derivatives marketplace, and Osaka Securities Exchange, the Japanese derivatives and securities exchange, have expanded their partnership on joint product development and promotion.
The World Federation of Exchanges has released figures for H1 2011 that reveal a decline in trading volumes in the Americas, counterbalanced by rising trading activity in Asia.
NYSE Liffe, the European derivatives business of NYSE Euronext, has received regulatory approval from the Comissão de Valores Mobiliários, the Brazilian securities regulator, to offer direct electronic access to its London market with immediate effect.
Derivatives trading and risk management solutions provider Patsystems has entered an agreement to buy Mixit, a US based developer and vendor of sell-side order management systems and execution management systems for equities and options trading.
The Osaka Securities Exchange (OSE) held its first night session of trading on 19 July, extending its evening session to run from 16.30 to 03.30, rather than closing at 23.30 as previously.
PLUS Markets Group, a UK-based market operator, has received approval from the Financial Services Authority to launch PLUS-DX, its new derivatives exchange.
Orc Group, a provider of trading technology and services, has become the second firm in a matter of days to announce substantial losses for its broking subsidiary on the back of dwindling equity volumes.
French broker Société Générale is implementing the Colline collateral management solution from Lombard Risk Management, which will allow it to offer buy-side clients comparative figures on clearing costs for over-the-counter derivative trades.
Tradeweb, the financial markets operator, has added European equity futures to its multi-dealer-to-client equity derivatives platform to streamline the current phone-based, over-the-counter trading model for block trades.